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Citi Says Comcast Should Buy Verizon, Investors Should Sell Dish

Citi analyst Jason Bazinet double downgraded Dish (DISH) to Sell as he believes Comcast (CMCSA) should acquire Verizon (VZ) and such a deal would put "significant pressure" on the former's equity since Verizon is viewed as the most likely Dish suitor.

COMCAST SHOULD BUY VERIZON: In a research note to investors this morning, Citi's Bazinet argued that Comcast should acquire Verizon as wireless would allow the former to extend Internet connectivity beyond the home, and given that both cable and wireless firms will need to push fiber deeper into neighborhoods. As a combined firm, this investment needs to be made only once, not...